Charleston Real Estate Forum

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Andrew Reitz
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Rent for a 1450 sq ft townhouse in North Charleston?

Posted Nov 14 2021, 15:38

Hello, looking for someone that knows the area to see if renting out our townhouse when we move next year makes sense. Currently in our gated community, the 3 bed 2 bath would need to bring in $1800 a month to cash flow (between the mortgage, hoa, taxes). Is that reasonable in this area? The two property managers I tried to talk to seemed to lose interest when I explained I wasn't renting yet but with 12 months probably. Comps are being sold right down the road for more than we bought for, so I am hesitant to hold onto a property with negative cash flow.

New to the site, thanks!

Charleston, South Carolina

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